Question

QUESTION :


1. What will be the impact of EDUCATION FOR ALL on the PPC of Indian economy and why?

2. What will the the impact of recently launched Clean India Mission on the PPC of Indian economy and why?



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Answer 1

1) Ans :-

Make in India is an initiative to invite rich countries to step in India and invest to set up their companies here. The main objective is “Sell everywhere but manufacture in India”.

The foreign companies investments in Make in India project will have a great impact on Indian economy. It’s direct relation is with GDP of the country. With the investment in the manufacturing sector, advancement in the technology, generation of the employment opportunities, and the ways to make the labour skilled, our country will be touching the sky of success in just a matter of few years; if everything done dutifully. Now, another point is , the main focus of Make in India is on manufacturing sector and the major population of India is either middle or lower-middle class. Hence, the products manufactured by the foreign companies would be targeting upper section of the country. So, it might not be a very huge achievement in terms of aspirations of “Make in India” project.

2) Ans :-

Production Possibility Curve (PPC) is the locus of various combinations of two goods that an economy can produce when the resources are fully and efficiently employed at a given level of technology. Thus, when resources are not fully employed, economy produces within the Production Possibilities curve.

With Clean India Mission resources in the country will be more efficiently employed therefore economy will move from within the Production Possibility Curve to the the point on the Production Possibility curve. 

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Answer 2

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1) If the people of a country are well educated, they are said to have more efficiency to perform skilled work. Hence, the 'Education for all Campaign' increases the production potential, and thus, the production possibility curve will shift nearer to PPC.

2) Clean India mission increases the cleaniness of the nation which reduces the number of people falling sick. This will increase the efficiency of the people to work and increases potential of the production process. Therefore PP curve will shift towards right.

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